The Only Path to Sound Money? In one of his less known works—Denationalisation of Money—the Nobel Prize-winning economist F.A. Hayek noted that perhaps the greatest lesson of human history is that governments debase currencies. From Diocletian in Ancient Rome to Weimar Germany and beyond, Hayek saw that great powers, almost without exception, manipulated currencies and eroded the value of money. This is why Hayek believed the only way to have sound money again was to take it “out of the hands of government.”. https://fee.org/articles/the-scariest-inflation-chart-you-ve-ever-seen/